DoChenRollingBearing
Yellow Jacket
...
Many of you already know that I have been following Bitcoin as a beginner amateur. Here is a screen shot I took after half an hour of fiatleak.com showing currencies being changed into Bitcoin at the exchanges late this morning (US ET). I presume thios is more "action" than normal, but multiplying out those numbers would show $450,000,000 daily being changed from world currencies into Bitcoin... And that is just people changing Bitcoin (BTC) at the exchanges, this does NOT include "mining" BTC or spending them.
People are running away... And I will let you know if a neophyte like me can change BTC into gold soon. Bubble it may be, but this is worth watching.
https://docs.google.com/file/d/0BxnHmH-02CQINGhHSDZxZVhTdzA/edit
My math: (10,240 BTC * 2 half hours per hour) * (24 hours) * $925 / BTC = approx. $450,000,000 per day
EDIT:
This 30 minute interval may NOT be representative of those through a whole day. But, the picture is still instructive.
...
Many of you already know that I have been following Bitcoin as a beginner amateur. Here is a screen shot I took after half an hour of fiatleak.com showing currencies being changed into Bitcoin at the exchanges late this morning (US ET). I presume thios is more "action" than normal, but multiplying out those numbers would show $450,000,000 daily being changed from world currencies into Bitcoin... And that is just people changing Bitcoin (BTC) at the exchanges, this does NOT include "mining" BTC or spending them.
People are running away... And I will let you know if a neophyte like me can change BTC into gold soon. Bubble it may be, but this is worth watching.
https://docs.google.com/file/d/0BxnHmH-02CQINGhHSDZxZVhTdzA/edit
My math: (10,240 BTC * 2 half hours per hour) * (24 hours) * $925 / BTC = approx. $450,000,000 per day
EDIT:
This 30 minute interval may NOT be representative of those through a whole day. But, the picture is still instructive.
...
Last edited: